St. Paul daily globe., 1887-11-24
THE COMMERCIAL RECORD.
Everything Was Quiet on the Chicago
Board of Trade Throughout
Yesterday.
Scalping Was the Only Feature of the
Day, for Outside Orders We're
Rather Light
Transactions in the Financial Circles
OF Wall Street.-The General
Quotations.
Suecial TO the Globe

SlieCiOl 10 I0e NTlOOc-
CHICAGO, Nov. 2S-Wheat and provisions
were weak around the opening. Corn dull
and steady Grain cables were steady but
81. Louis reported rain in the southwest and
sent a budget of selling orders. The local
feeling was bearish. and considerable stuff
bought by local parties Yesterday came on the
market December sold down to 15i2c the
first half hour. ana May down TO S2i2c, de-
cline from Yesterday of $s@I2c. Trading was
OF light volume, and, outside orders were
scarce. December corn sold at 44c and May
al is5s0 4ss4c. January pork sold down
from $500 to $3.50, and May from SI440
10 SII30. The country was n good buyer,
and the local trade had plenty Of property
for sale. though no effort was made TO break
the market. January lard was quoted early
81 S7.O2l2, May lard at S7.32i2. January ribs
at 500, and March ribs al S7.l2la.
~. Louis Spectators gave the Chicago boys
the grand razZle dazzle to-day. remarked
scalper And so they did. They loaded
the wires with wet weather reports and sell
ing orders early in the day, and after helping
to break the market lzc they bought back
their wheat and added to their former lines.
ST. Louis spectators work together, and they
are playing the long side of the market these
days. Instead of selling OF bumps, as they
did for so long, they are buying on bumps.
The local crowd isn't yet educated up to that
way of doing business and the result is that
the local crowd is getting more than a shade
the worst of it. Local traders have no trouble
III selling ali they want to, but when they
strive to buy it back they discover a scarcity
of property on the market They are slowly
coming TO the conclusion that
IT Is a BULL MARKET.
and that the conditions are not favorable to
an immediate return 10 the old way of doing
things. December wheat sold back upto
7ti4c and May to 82i2c. and the market was
firm at or about the top during the latter half
of the long session, reacting sharply from all
depressions. New York and St. Louis led in
firmness. and the spiit everywhere is bull
ish, according to advices. Indian exports
show falling off of 1880. 600 bushels
since April l. as compared with last year.
Russian shipments are at an end for the sea-
son. English and continental stocks are di-
mimShing. American millers are active bid
deTs for all the wheat they can get their
hands on. and the Spectators nearest the
winter wheat fields have turned bullish
This makes New York bullish. A continual
tion of unfayorable harvest returns caused
renewed buying OF corn to-day. and when
the decline III wheat was checked corn
turned up sharply. December advanced to
4i$4c and May 495se At that range Hutch
lnson sold nearly 1000 600 bushels and
broke the price 14c. but it recovered sharply
and the tone was one of great firmness. Es
umated receipts for tomorrow are 235 cars
only. and railroads confess to diSappoint-
ment at the smallness of the forward move
ment The market was strong as bull beef
and closed at the top. Provisions frmed up
Iii sympathy with wheat. and after the early
break the best prices of the day were Ob-
IL
sci room was scarce. Engagements at 4c
arc reported for 20. 600 bushels of corn.
THE ROUTINE REPORT.
CHICAGO. Nov. 23.-The markets on change
to-day opened without special activity. Rain
ii the southwest and very light receipts
caused the price of wheat 10 open lac lower
than The closing figure yesterday. The Jan
Uary option started in at 1850, sold up to
TIc and dropped off Isc al the close of the
DAYS trading. At one time the May option
sold a. high rs S:5sc. but il was only OH a
spurt made by some of the big seal pers. And
The scalping was the only feature of the day,
Tor outside orders were not of a heavy ma
ture. Corn followed in The wake of wheat.
and the trade in provisions was without in
tcrest.
THE QUOTATIONS.
The leading futures ranged as follows.
Nheat-NO. =, November. opened at 75l8c,
closing at T6lsc; December. 15S4c closing al
S6Ssc; January 16Ssc, closing 167sc: May,
S.,5ic. closing at S:}14c. COrn-No >, NoYem-
ccmbeT, de. closing at 44l2c; January 44I4c.
closing at 4i7sc; May. 4S54c, closing at 49l2c.
Oals-NO. >. November. opened at 2Sl2c,
closing al 2Slsc: December. 27$Sc. closing at
275sc: May. 307sc. closing at 3llsc. Mess
Pork-per bbl. january, opened at $3.50,
closing at $3.50: February. Sl4. closing at
Sl402l2; May. SI431Ie, closing at S14.I5.
Lard-Per 100 lbs. November. opened at 81,
Closing al S1.O2I2c; December. S6.97I2 clos
ilg at S6-91l2; January, 500, closing at
SEo5; May. S7-35, closing at S7.35;
Short Ribs-per 100 lbs. January, So.
closing at 81. February. S1.05. closing at
$40; March. S7.l5. closing at $50.
Cash quotations were as follows: Flour
ulled quiet and shippers were inclined to
hold of for the present Nheat-NO-
slIing. 1890 16lsc; No. ) spring. 66i3c bid:
No. > red, ga 16i4c Corn-No. ,. 44S4c.
Oats-NO. ,. 2Si2c. Rye-NO. .. 54i2c.
Barev-No. ,. ia 99isc. Flax Seed-NO.
/. SI20Q .20l2. Timothy Seed-Prime,
S302 .:}3I2. Mess pork. per bbl. S13.500
II. Lard per Io0 lbs. S7@7.02l2. Short
lib sides, loose, So. 5O@T dry sailed shoulders.
boxed $500 , 90: shO;t clear sides. boxed.
$500 7.35. Whisky-DiStillcrs' finished
goods. per gal. Sl.lO. Sugars-Cut loaf
TIi6 7S4c; granulated. 63sc bid: standard A.
6Iac bid. ReceipiS-FlOur. 26.462 bbls:
wheat 111.0OO bu: corn, 3J5, 900 bu; oats,
22l.0O0 bu; rye, 1000 bu: barley. $1,000
bu. ShipmeutS-Flour.2 -. .954 bbls: wheat.
$1,000 bu: corn. $4,000 bu; oats, IT, 600
bu: rye. 900 bu barley. 10000 bu. On the
produce exchange to-day the butter market
was firm and active: creamery. 2SlaCd 29c;
dairy. 23G 24c. Eggs firm. 2002lc.